Newriver Reit (NRR) Rating Reiterated by Liberum Capital

Liberum Capital reiterated their buy rating on shares of Newriver Reit (LON:NRR) in a research note published on Thursday morning. The brokerage currently has a GBX 370 ($5.19) price objective on the real estate investment trust’s stock.

Several other analysts also recently commented on the stock. Peel Hunt reaffirmed an add rating and issued a GBX 365 ($5.12) price objective on shares of Newriver Reit in a report on Tuesday, December 5th. Berenberg Bank reissued a buy rating and set a GBX 385 ($5.40) price target on shares of Newriver Reit in a report on Wednesday, November 22nd.

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Newriver Reit (NRR) traded up GBX 12.56 ($0.18) during mid-day trading on Thursday, hitting GBX 295.06 ($4.14). 710,867 shares of the stock traded hands, compared to its average volume of 758,300. The stock has a market cap of $893.70 and a P/E ratio of 1,967.07. Newriver Reit has a fifty-two week low of GBX 275.50 ($3.86) and a fifty-two week high of GBX 374.50 ($5.25).

The company also recently declared a dividend, which will be paid on Friday, February 9th. Investors of record on Thursday, December 28th will be issued a dividend of GBX 5.25 ($0.07) per share. This represents a yield of 1.65%. The ex-dividend date of this dividend is Thursday, December 28th.

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Newriver Reit Company Profile

NewRiver REIT plc is a real estate investment trust engaged in the real estate business in the United Kingdom. The Company is a retail and leisure property investor, asset manager and developer. The Company owns or manages a portfolio of approximately 30 shopping centers, over 20 retail warehouses, a portfolio of approximately 360 public houses with retail and mixed-use development opportunities and a range of high street retail assets.